Molycorp Shares Soar on Earnings and Hitachi Deal

Reuters reported that a new supply agreement and higher profits boosted stock prices for Molycorp (NYSE:MCP).

The market news is quoted as saying:

After the market closed on Thursday, Molycorp reported second quarter earnings of 52 cents a share, beating analyst expectations of 40 cents a share, according to Thomson Reuters I/B/E/S.

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